Trex Company, Inc. (NYSE:TREX) Director Frank H. Merlotti, Jr. sold 2,158 shares of Trex stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $105.51, for a total value of $227,690.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Trex Company, Inc. (NYSE TREX) traded up $0.80 during mid-day trading on Wednesday, reaching $106.30. The company’s stock had a trading volume of 114,500 shares, compared to its average volume of 239,230. Trex Company, Inc. has a 1 year low of $61.57 and a 1 year high of $112.39. The stock has a market capitalization of $3,104.33, a P/E ratio of 34.82 and a beta of 2.41.

Trex (NYSE:TREX) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.13. Trex had a return on equity of 51.30% and a net margin of 16.61%. The firm had revenue of $140.19 million during the quarter, compared to the consensus estimate of $125.30 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. equities research analysts anticipate that Trex Company, Inc. will post 3.11 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY boosted its position in shares of Trex by 4.4% in the third quarter. Bamco Inc. NY now owns 1,185,205 shares of the construction company’s stock worth $106,751,000 after buying an additional 49,870 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Trex in the second quarter worth about $76,849,000. Eagle Asset Management Inc. boosted its position in shares of Trex by 4.5% in the third quarter. Eagle Asset Management Inc. now owns 975,160 shares of the construction company’s stock worth $85,258,000 after buying an additional 42,214 shares during the period. Wasatch Advisors Inc. boosted its position in shares of Trex by 9.6% in the second quarter. Wasatch Advisors Inc. now owns 946,311 shares of the construction company’s stock worth $64,027,000 after buying an additional 83,274 shares during the period. Finally, State Street Corp boosted its position in shares of Trex by 4.7% in the second quarter. State Street Corp now owns 724,301 shares of the construction company’s stock worth $49,003,000 after buying an additional 32,626 shares during the period. 92.13% of the stock is owned by institutional investors.

A number of brokerages have recently commented on TREX. Griffin Securities downgraded Trex from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Sidoti downgraded Trex from a “buy” rating to a “neutral” rating and set a $89.00 price target for the company. in a research report on Monday, October 2nd. Zacks Investment Research downgraded Trex from a “buy” rating to a “hold” rating in a research report on Saturday. FBR & Co boosted their price target on Trex from $80.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $75.00 price target on shares of Trex in a research report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Trex has an average rating of “Hold” and an average price target of $90.00.

Trex Company Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

Insider Buying and Selling by Quarter for Trex (NYSE:TREX)

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